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Business, 14.06.2021 20:50 Cloclowat1865

Table 24-4. Will's expenditures on food for three consecutive years, along with other values, are presented in the following table.

Year
1 2 3
Expenditures on food $5,000 $5,800 $6,600
Consumer price index 160.0 168.0 x

Refer to Table 24-4. Suppose Will's Year 2 food expenditures in Year 3 dollars amount to $6,235. Then x, the consumer price index for Year 3, has a value of

a. 177.5.
b. 171.2.
c. 180.6.
d. 175.0.

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